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Singapore-based Clifford Capital announced yesterday that it has invested US$79.5 million investment in the US$450 million bond offering by Mersin International Port (MIP).

Published in Finance Deals
Monday, 15 July 2013 11:20

Salalah and Virginia ink MoU

The Port of Salalah, in Oman, and Virginia International Terminals (VIT), in the United States, have signed a MoU providing for closer cooperation in business development and knowledge sharing.

Published in Finance Deals

The Israeli government announced today an international tender for the operations of new container terminals to be built in Haifa and Ashdod.

Published in Finance Deals
Wednesday, 26 June 2013 11:56

Jebel Ali opens T2 expansion

DP World officially opened today the extension which adds one million TEUs to Terminal 2 (T2) at its flagship port, Jebel Ali, in Dubai.

Emirati port management company Gulftainer announced yesterday that it has acquired a 51% stake in Saudi Arabia’s Gulf Stevedoring Contracting Company (GSCCO), allowing it to assume the full management of three Saudi terminals located in Jeddah and Jubail.

Published in Finance Deals

DP World, which operates more than 60 ports across six continents, has launched an asset management programme whereby all its equipment will be managed across its portfolio rather than terminal by terminal, in an effort to increase efficiency and reduce costs.

A new Saudi container port on the Red Sea is to start operating by the end of this year, “Arab News” is reporting today.

Published in Finance Deals

Oman Oil Refineries and Petroleum Industries Company (Orpic) plans to invest around $5 billion in infrastructure over the next five years, including about $3 billion to set up a steam cracker and polyethylene plant at the Port of Sohar, reports the “Oman Daily Observer” today.

Published in Energy Ports

The port of Salalah, in Oman, plans to add three million TEUs to its current 5M TEU capacity, says operator APM Terminals.

Published in Finance Deals

Jebel Ali has completed the dredging programme that will allow it to handle up to ten mega-vessels of 18,000 TEU capacity at the same time.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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